2020 Chevy Traverse - Good deal?

Ask the Hackrs
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1

Year, Make, Model, and Trim: 2020 GM Traverse LS
MSRP: $34095
Selling Price: $31,235
Monthly Payment: $370
Drive-Off Amount: $0
Months: 36
Annual Mileage: 12,000
MF: .00161
Residual: 61%
Incentives: $2,000 (Loyalty $1k, CCR $1k), supposedly may not qualify for Costco gift card
Region: IA

My current 2016 Traverse 1LT lease from May 2016 with technology package is $308 a month and only put $308 down. I am unable to extend my lease as I am almost out of miles.

What is everyone else getting? Is there a better deal to be had this month on a Traverse?

2

If you extend your lease, it should come w/ more miles. e.g. if you have a 36/12 lease now, every month extension should include another 1,000 miles.

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3

I am waiting for another great deal on Encores. I love mine, and I loved the $150 payments. I haven’t seen the deals yet.

4

GM Financial stopped extending miles when you extend a lease. I was surprised by this as well since it wasn’t like this before. This is why I am going with a 12k lease instead of 10k now.

5

I have a $153 Trax lease right now too…I am loving that as well and wish I could snag a Traverse deal in the $200’s.

6

I just leased 2019 Traverse LT , $42k
36/12, zero down at $375. I’m in NJ

7

Can you post what incentives and selling price you got? Seems like a great deal for a 2019.

8

Msrp $41,775
Sell price $36,800
Rebates: 4250
This was a tough negotiation as they originally didn’t budge at all. It was also the only LT left this particular dealer had that wasn’t a demo/ loaner. I did lease a vehicle with them last year and have another one coming up next year